ALBERT V HOLLY 4
4 · CALLIDUS SOFTWARE INC · Filed Mar 2, 2012
Insider Transaction Report
Form 4
ALBERT V HOLLY
SVP, General Counsel & Sec
Transactions
- Other
Common Stock
2012-02-15$4.00/sh+5,312$21,248→ 195,010 total - Award
Common Stock
2012-02-29+69,632→ 264,642 total
Footnotes (2)
- [F1]Securities acquired in exempt purchase under the Issuer's Section 423 Employee Stock Purchase Plan.
- [F2]The shares indicated are issued as restricted stock units (RSUs). Seventy-five percent of the total number of RSUs will vest in quarterly installments over a two year period from the date of the award. Twenty-five percent of the total number of RSUs are based on performance determined after the end of 2012 and, to the extent earned, will vest as to fifty percent at that time and fifty percent on a quarterly basis through January 2014.